Mavi Giyim stock weighs softer sales against a TRY 1 billion buyback

Published on 09/25/2026 at 13:47 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mavi Giyim stock reported TRY 25,831.68 million in six-month sales through July 31, 2026. Gedik Yatirim cut its target to TRY 63.20 on September 23.

Mavi Giyim, TREMAVI00037, Illustration mit AI erstellt.

Mavi Giyim stock was trading at TRY 37.52 on Borsa Istanbul on September 25, 2026, with a 52-week range of TRY 33.30 to TRY 50.75. The latest results put softer sales beside a planned TRY 1 billion share buyback, giving investors two sharply different signals.

Sales soften through July

According to MarketScreener on September 16, 2026, Mavi reported sales of TRY 25,831.68 million for the six months ended July 31, 2026, compared with TRY 26,128.24 million a year earlier. That represents a 1.1 percent decline, while second-quarter sales fell from TRY 12,599.01 million to TRY 12,553.05 million.

Net income for the six-month period was TRY 980.26 million, down from TRY 1,463.32 million in the prior-year period. Second-quarter net income reached TRY 263.01 million, compared with TRY 304.44 million a year earlier, so the earnings pressure was broader than the sales change alone.

Buyback sets a capital signal

According to TipRanks, Mavi approved a program for up to 39,725,600 Class B shares, equal to 5 percent of issued capital, with a maximum allocation of TRY 1 billion. The plan is intended to support price stability and includes a proposed cancellation of repurchased shares, subject to the stated approval process.

The buyback is material beside the operating figures: its maximum allocation equals 3.8 percent of the companys six-month sales of TRY 25,831.68 million. That comparison does not remove the earnings decline, but it gives the stock a defined capital-allocation support mechanism.

Target remains above the market

As Hibya reported on September 23, 2026, Gedik Yatirim cut its Mavi target from TRY 69.00 to TRY 63.20 while retaining an outperform recommendation. The same report cited a 2026 revenue outlook ranging from low single-digit decline to flat growth and EBITDA margin guidance of 18.0 percent plus or minus 0.5 percent.

The market price and analyst target therefore frame the central debate: Mavi faces weaker reported sales and profit, while managements capital-return plan and margin guidance provide measurable offsets. The 52-week high of TRY 50.75 remains above the September 25 price, keeping the stock below its yearly peak.

Stock trades below yearly high

Mavi Giyim stock was trading at TRY 37.52 on Borsa Istanbul on September 25, 2026. The companys market capitalization was TRY 29,400,842,416, with volume of 3,848,470 shares at the same snapshot.